Online Scams – Things getting worse as more African opt for Internet services
The number of online scams that targets the financial sector are rising in Africa as more and more people are using mobile banking and online banking services.
Phishing attacks occur mainly in the parts of South Africa where use of online banking is commonly done while in other parts of Africa that has lower internet penetration; mobile money theft is quiet common. Due to increase in online scams, Absa bank, the largest in Sub Saharan Africa made an announcement that to curtail attacks of cyber security, its customer using internet banking services can download software for security.
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